Walter will be leading Mondelēz’s $7bn business that includes some of the company’s power brands, such as Oreo, belVita biscuits, and Trident gum.
“Glen is an inspirational leader with an impressive track record of building brands and driving growth in North America and beyond,” said Chairman and CEO Irene Rosenfeld. “His deep operating experience in complex businesses, including a strong focus on sales excellence.”
Mondelēz named Tim Cofer as interim president of the North American business earlier this year as former head Roberto Marques departed.
“Cofer will now return full time to his responsibilities as chief growth officer,” the company said.
Mondelēz CEO Irene Rosenfeld announced in August she would retire. Former president of McCain Foods Dirk Van de Put will suceed her as CEO from next month.
Rosenfeld will continue as chairman of the board until March 31, 2018, at which point she will retire and pass the chaimanship to Van de Put.